Bob Woodward book: Trump told Gary Cohn he ‘hired the wrong guy for Treasury secretary’ right in front of Steven Mnuchin

Gary Cohn and Steven Mnuchin

Then President-elect Donald Trump offered the job of Treasury secretary to Gary Cohn during a transition-period meeting at Trump Tower.
“I hired the wrong guy for treasury secretary,” Trump said according to veteran journalist Bob Woodward’s new book, “Fear: Trump in the White House.”
Steven Mnuchin, who Trump had already privately tapped to be treasury secretary, was in the meeting.
The news of Mnuchin’s selection leaked while Cohn was still in Trump Tower.

According to veteran journalist Bob Woodward’s explosive new book, “Fear: Trump in the White House,” Gary Cohn rejected President-elect Donald Trump’s suggestions that he become Secretary of Energy or Director of the Office of Management and Budget during a transition meeting at Trump Tower.

So Trump suggested another job.

“You know what?” Trump said. “I hired the wrong guy for Treasury secretary. You should be Treasury secretary. You would be the best Treasury secretary.”

There were a couple problems with Trump’s suggestion: The president-elect had already tapped Steven Mnuchin to be treasury secretary.

Also, Mnuchin was in the room.

Business Insider obtained a copy of the book, which is being published by Simon & Schuster and is set for release on Tuesday. Woodward wrote that Mnuchin did not say anything or react to Trump’s suggestion. But a few minutes after the meeting, news of Mnuchin’s selection leaked to the media.

Jared Kushner, Trump’s son-in-law who was still with Cohn in Trump Tower, suggested Mnuchin leaked the news to head off any switch by Trump.

“That’s crazy,” Kushner said, according to Woodward. “Mnuchin just put that out. You freaked him out so badly in the meeting.”

Trump met with Cohn at Trump Tower on November 29, 2016, the same day The New York Times reported Mnuchin would be tapped as Treasury secretary.

Cohn eventually became the director of the National Economic Council, a …read more

Source:: Business Insider


The rich keep getting richer — here are the billionaires who made the most billions in a single year

Jeff Bezos

Billionaires keep growing their billions.
With a record number of billionaires around the world, we calculated just how much the world’s richest billionaires earned in a single year.
According to our calculations, Bill Gates earned $4 billion, making him the lowest-earning billionaire on the list — nothing compared to Jeff Bezos’ annual earnings of nearly $40 billion.

The rich keep getting richer. If there’s one thing that can be said for billionaires, it’s that they know how to grow their wealth.

According to Wealth-X’s 2018 Billionaire Census, there are a record number of billionaires around the world, and their wealth has increased by 24% since last year — another record number.

Business Insider looked at how much the world’s richest billionaires earned in the past year. To determine each billionaire’s annual earnings, we calculated the difference between their 2017 and 2018 net worths for the top 50 richest billionaires, as provided by the Forbes’ 2017 and 2018 richest people in the world lists, published every March. We then narrowed the rankings down to the top 30 billionaires who made the most money in the past year.

We didn’t include Francois Bettencourt and Giovanni Ferrero because they inherited their billions in the last year.

The lowest-earning billionaire on the list, Bill Gates, earned $4 billion. While that’s far from a measly number, it doesn’t compare to the nearly $40 billion Jeff Bezos earned in the past year.

Below, see how many billions some of the world’s richest billionaires earned in a single year.

SEE ALSO: We did the math to calculate exactly how much money billionaires and celebrities like Jeff Bezos and Kylie Jenner make an hour

DON’T MISS: The richest person at every age

30. Bill Gates, $4 …read more

Source:: Business Insider


Terror suspect asks judge to rule out death penalty due to Trump tweets

Sept 6 (Reuters) – Lawyers for Sayfullo Saipov, the man accused of killing eight people by driving a truck into a New York City bike path in October, on Thursday asked a federal judge to bar prosecutors from seeking the death penalty, saying President Donald Trump’s statements on Twitter have made a fair legal process impossible.

…read more



Alibaba jumps after Chairman Jack Ma says he could ‘retire earlier’ (BABA)

jack ma

Alibaba shares jumped on Friday after Chairman Jack Ma told Bloomberg he could “retire earlier.”
In a profile, Ma said he wanted to follow the playbook of the billionaire and philanthropist Bill Gates.
The Chinese e-commerce giant delivered strong earnings last quarter.
Watch Alibaba trade in real-time here.

Shares of Alibaba jumped more than 2% in early trading Friday after its Chairman Jack Ma told Bloomberg he may retire early from the Chinese e-commerce giant.

Ma is dedicating more of his time and money to building his foundation, following in the footsteps of the billionaire and philanthropist Bill Gates, he told Bloomberg TV on Thursday. Gates stepped down as Microsoft CEO in 2000 and remained chairman of its board through 2014.

“There’s a lot of things I can learn from Bill Gates,” Ma told Bloomberg. “I can never be as rich, but one thing I can do better is to retire earlier. I think some day, and soon, I’ll go back to teaching. This is something I think I can do much better than being CEO of Alibaba.”

Ma used to be an English teacher before founding Alibaba, the largest e-commerce company in China. In 2014, the billionaire founded the Jack Ma Foundation with the purpose of improving China’s education system, particularly in rural areas.

“Alibaba shareholders probably have little to fear should the charismatic Ma pull back a bit further,” Brock Silvers, managing director of Kaiyuan Capital told Bloomberg. He added that Alibaba has one of the strongest management teams in corporate China and even if he quits, he would likely continue influencing the company’s strategy.

Ma turns 54 on September 10 and is worth more than $40 billion according to Bloomberg data.

Last month, Alibaba reported 61% first-quarter revenue growth, bolstered by its core e-commerce and fast-growing cloud-computing segments. The company reported earnings …read more

Source:: Business Insider


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